Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[K~Ehleyr]

I have just had my first practice at drawing lines on a Bitstamp chart and I hereby predict that around midnight on 22nd January UTC (that's the midnight after 21st January), the trend will decide whether it's going to go up or down  

If it decides it's going down, we'll see €760 ($813 USD?) by the early hours of 27th January.

I could show you my pic but I'm not subscribed to any of those image sharing sites and pastebin won't do images.  I'm curious to see how far out I am though  

If  you Google for "upload image" you will get a huge list of image sharing sites, most of which are free.

This one comes top of the list. You don't have to register, just click the big button and select your image to upload it and get given its URL.

https://postimage.io/

Thanks for that!!  That's useful!  Ok, here goes.  I'm sure it's a load of crappydoodle but please be gentle and constructive 


Zoomed-out, I tried to identify the long-term support line:




Then I zoomed in and marked the trend top and bottom and the short-term support line:




The times I've referred to are the two criss-crossy bits furthest right.  I hope I haven't confused anybody with my highly technical language 

[BitcoinNewsMagazine]

You want a bargain? All you need is one bitcoin daily chart of Bitstamp on bitcoinwisdom and two indicators. One is the 200 simple moving average and second is RSI at the bottom. If price has a flash crash to the 200 MA or RSI drops below 30 there you go. You should probably already have a $700 buy limit order in at your favorite exchange. May not get filled but hey you made the effort.

[Meuh6879]

[Fakhoury]

What you want to say brother ?

[r0ach]

trump sees a broken down golf course, hotel, or country.

and then, he makes it gr8 again.

[Killerpotleaf]

[r0ach]

but the dollar will crash and media will blame trump

I don't remember the exact number, but I think it's something like 60-80% of international trade is in USD.  A lot of that is probably from the oil sales and such.  Unless the US prints a lot of money or foreign countries switch to denominating trade in other assets, it's very difficult to bring the value of the USD down in relation to other garbage fiats.  That's the whole catch with being a reserve currency, you're required to export more currency than you bring in (a trade deficit and implosion of domestic manufacturing).

The only way Trump can "make America great again" is to destroy the dollar, China style centralized devaluation, print dollars to infinity with hyperinflation, or some other such tactic.  Some people have theorized US currency would be switched into two different units with a new domestic only dollar.  Such a tactic would likely only help the scumbag jewish bankers implement the SDR to take over the world with the SDR as the unit of account, though.  Then 1st world nations would descend into poverty as slaves of the IMF/BIS.

[Killerpotleaf]

but the dollar will crash and media will blame trump

I don't remember the exact number, but I think it's something like 60-80% of international trade is in USD.  A lot of that is probably from the oil sales and such.  Unless the US prints a lot of money or foreign countries switch to denominating trade in other assets, it's very difficult to bring the value of the USD down in relation to other garbage fiats.  That's the whole catch with being a reserve currency, you're required to export more currency than you bring in (a trade deficit and implosion of domestic manufacturing).

The only way Trump can "make America great again" is to destroy the dollar, China style centralized devaluation, print dollars to infinity with hyperinflation, or some other such tactic.  Some people have theorized US currency would be switched into two different units with a new domestic only dollar.  Such a tactic would likely only help the scumbag jewish bankers implement the SDR to take over the world with the SDR as the unit of account, though.  Then 1st world nations would descend into poverty as slaves of the IMF/BIS.

both these things have been happening.
The government shut down at one point because they had blown through 10 years of government spending in 2 month. THANKS OBAMA
and its been a while that countries have been looking for alternatives to the dollar...
other shit fiats have one advantage over the dollar...
they aren't the world reserve of dirty fiats which is about to lose its status, to bitcoin.
not if but AS the USD loses its reserve status, the dollar will lose value.
we'll see the DXY chart bleed slowly and rarely have sharp drops from here on out, till the end of time.

DOOM!

[TheDasher]

The Trump Oscillating Indicator (TOI) says moon soon.

[r0ach]

they aren't the world reserve of dirty fiats which is about to lose its status, to bitcoin.

You gotta stop drinking if you think this is true.  People say platinum and palladium would never be considered as monetary instruments because they're monopolized almost entirely by South Africa and Russia.  The idea that Bitcoin could become the world reserve currency while monopolized by China is honestly a joke.  It's not possible for Bitcoin to defeat gold and silver on Exter's pyramid.  It might have some use somewhere, but it will never be the main unit of account.

[abercrombie]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

[r0ach]

Unquoted

It sure would be nice to hear something that you came up with other than that regurgitation from Wikipedia. Do you know of anyone else's ideas other than John's?

Please stop getting high on your own supply with your "anyone who doesn't think Bitcoin will be the world reserve currency within 24 hours is wrong" nonsense.  I don't care about people who post some kind of reasoning for why they think the price will go up or down, but when this thread turns into a non-stop stream of moon idiots who post no logical reasoning whatsoever for their calls it gets old.

Contrary to you and Adam's opinion, if the dollar randomly crashed to nothing, everyone and their mom knows metals are going to be the new backbone of the monetary system unless they attempt to try and force their SDR nonsense on people (which would likely fail easily since nobody is buying into a new fiat after the current fiat just imploded).

[r0ach]

I censor you because people in this thread don't appreciate me quoting a troll.

I'm probably the only non-troll in this entire thread.  My success rate on calls is almost 100%:

Like this picture 4 months ago: 

https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary

Or the thread below: 

https://bitcointalk.org/index.php?topic=1496372.0

Or the MatTheCat thread:

https://bitcointalk.org/index.php?topic=1442399.msg14930010#msg14930010

[sirazimuth]

long time hodeler here ...sporadic buys... price tanks
sporadic sells... price moons

fyi fellow bitcoiners... i just bought

[harrymmmm]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

[r0ach]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

That news isn't even new.  I mean I read yesterday or the day before something from PBOC talking about how they believe cryptocurrency is good but the "emission should be controlled by the state".  So I mean, all they really want to do is make a govt slave coin that has nothing to do with Bitcoin at all.  I'm not even sure how that would be bullish.  If anything, they would probably ban Bitcoin after they make their govt slave coin.  All the stuff I read made it sound more like they want to get rid of Bitcoin and replace it rather than "embrace" it.

[Killerpotleaf]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

That news isn't even new.  I mean I read yesterday or the day before something from PBOC talking about how they believe cryptocurrency is good but the "emission should be controlled by the state".  So I mean, all they really want to do is make a govt slave coin that has nothing to do with Bitcoin at all.  I'm not even sure how that would be bullish.  If anything, they would probably ban Bitcoin after they make their govt slave coin.

right it seems there just trying to create a blockchain which keeps track of CNY, they control how much CNY is in the blockchain  or somthing.

i guess this would be bullish for bitcoin because it gets more poeple exposed to crypto, and it wont take them very long to understand that CNYcoin is a bit of a ripoff

[harrymmmm]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

That news isn't even new.  I mean I read yesterday or the day before something from PBOC talking about how they believe cryptocurrency is good but the "emission should be controlled by the state".  So I mean, all they really want to do is make a govt slave coin that has nothing to do with Bitcoin at all.  I'm not even sure how that would be bullish.  If anything, they would probably ban Bitcoin after they make their govt slave coin.  All the stuff I read made it sound more like they want to get rid of Bitcoin and replace it rather than "embrace" it.

Sure. The govcoin idea isn't new at all - we've all been expecting attempts at it for years now.
This is a concrete (well, tweeted!) plan though.  I think it points to a certain amount of respect for cryptocurrency in China.

I agree that, as we expected for all govcoins, it would be an attempt to replace/reduce bitcoin use. That's long term and way beyond trader horizons I would think. And we're bitcoiners, right? Govs can't actually replace it; just make it harder to use maybe (the only bearish component in the story).

[criptix]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

[PoolMinor]

I censor you because people in this thread don't appreciate me quoting a troll.

I'm probably....

Like this .....

https://steemit.com;


https://bitcointalk.org;



https://bitcointalk.org;

https://bitcointalk.org/index.php?topic=178336.msg12346576#msg12346576
https://bitcointalk.org/index.php?topic=317658.msg12387998#msg12387998
https://bitcointalk.org/index.php?topic=178336.msg16007110#msg16007110
https://bitcointalk.org/index.php?topic=317658.msg15809007#msg15809007